5 Best Natural Gas Stocks to Buy for Transitional Power

2. Canadian Natural Resources Limited (NYSE:CNQ)

Short % of Shares Outstanding: 0.47%

On May 20, Scotiabank analyst Kevin Fisk raised the firm’s price target on Canadian Natural Resources Limited (NYSE:CNQ) to C$74 from C$70 while maintaining an Outperform rating on the shares. The revised target reflects confidence in the company’s operational execution, production portfolio, and ability to generate strong cash flow across changing commodity price environments. Canadian Natural continues to benefit from its diversified mix of crude oil, natural gas, and natural gas liquids production across North America and international assets.

Previously, on May 7, Raymond James Financial upgraded Canadian Natural Resources Limited (NYSE:CNQ) to Outperform from Market Perform. The upgrade signaled growing confidence in the company’s operational outlook, balance sheet strength, and capital return profile as analysts evaluate energy sector fundamentals and long-term commodity demand trends.

Founded in 1973 and headquartered in Calgary, Alberta, Canadian Natural Resources Limited (NYSE:CNQ) is a senior independent energy producer engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company maintains a broad asset base spanning oil sands, conventional production, offshore operations, and natural gas development.

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